Kroger Stock Price, News & Analysis

Kroger has revealed key Thanksgiving shopping trends based on customer surveys. Nearly 90% of surveyed households plan to celebrate Thanksgiving, with turkey (83%), stuffing (55%), and mashed potatoes (49%) ranking as top must-have items. Sales data shows dramatic increases in November for key items: stuffing (800%+), turkey and cranberry sauce (1000%+). While 43% plan to splurge on Thanksgiving shopping, 71% actively seek deals and savings. The retailer offers a Freshgiving basket feeding 10 people for under $4.85 per person, with over $800 in available Thanksgiving savings.

Kroger announces its 2024 Freshgiving meal offering, providing holiday staples at less than $4.85 per person, lower than last year's prices. The bundle feeds ten people and includes a frozen turkey at 49 cents per pound, along with traditional sides and desserts. Customers can access more than $800 in available savings through digital deals, BOGOs, and fuel points promotions. For convenience, Home Chef offers heat-and-eat meals starting at $75 for 4-6 people or $105 for 6-12 people. The company also provides comprehensive meal prep guidance and continues its commitment to fighting food insecurity through customer donations and its Zero Hunger | Zero Waste initiative.

Kroger has launched its 2024 holiday campaign featuring a heartwarming animated film titled 'The Case of the Disappearing Food.' The campaign, created by adam&eveDDB New York, tells the story of a young boy who shares his family's holiday food with a lonely neighbor, demonstrating how food can bring people together and express kindness.

The campaign includes a Hispanic market holiday ad called 'The Gift of Teaching' about a grandmother teaching her blind grandson a family tamale recipe. Additionally, Kroger is offering a 'Shop the Scene' experience on Hulu, allowing viewers to purchase ingredients inspired by National Lampoon's Christmas Vacation dinner scene through QR codes. The campaign will run through January 1 on Netflix, cable, streaming, and Internet platforms.

Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 14 to November 20, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger closing, which cannot be waived by Kroger.

Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 7 to November 14, 2024. The exchange offers cover up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and the closing of the merger, which is anticipated in Q4 2024. As of August 29, the required consents were received for the Consented Series, with supplemental indentures executed. The Proposed Amendments will become operative upon settlement of the Exchange Offers.

Kroger (NYSE: KR) and bitewell have partnered to launch the FoodHealth Score, a nutrition scoring system rating foods from 1 to 100 based on nutrient density and ingredient quality. The system is accessible to customers while shopping online, through the Kroger app, or by scanning UPC codes in-store. The initiative enhances Kroger's existing OptUP program, introduced in 2017, with an improved scoring algorithm. Customers with digital accounts can track their purchasing trends through 'Nutrition Insights' online, making it easier to identify healthier food choices and align with their health goals.

Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from November 1, 2024, to November 7, 2024. The exchange offers involve up to $7.44 billion aggregate principal amount of new Kroger notes and cash in exchange for outstanding Albertsons notes. The settlement is expected to occur promptly after the expiration date and the closing of the merger, which is anticipated during the fourth quarter of 2024. The merger will result in Albertsons becoming a direct, wholly-owned subsidiary of Kroger.

Kroger has extended the expiration date of its exchange offers and consent solicitations for Albertsons Companies notes from October 28, 2024, to November 1, 2024. The exchange offers involve up to $7.44 billion in aggregate principal amount of new Kroger notes and cash. The settlement is expected to occur after the expiration date and coincide with the merger closing, anticipated in Q4 2024. As of August 29, 2024, the required consents were received for the Consented Series, with supplemental indentures executed. The exchange offers remain conditional upon the merger completion and other conditions that Kroger may waive.

Kroger has unveiled its top five food trends for 2025, based on insights from their food experts, product developers, and data science team. The trends include: Food Dupes highlighting private label alternatives; Bold & Briny featuring fermented flavors; The Protein Renaissance focusing on energy-sustaining proteins; Pepper Palette exploring international heat varieties; and Hail, Caesar showcasing innovative uses of Caesar dressing. The company emphasizes that these trends align with their Our Brands products, offering customers value while maintaining quality and unique flavors.